Volvo XC60 Lease Question

carpediem19

My first time on Edmunds forum, so hope I am asking the right questions. I have a verbal offer on a 2019 XC60 T6 Momentum AWD MSRP $53,340 to pay $499/m, 36 months, 10k miles per year, $2k total out of pocket and turning in my 2016 RX350 (with premium pckg) to help reduce the MD taxes on the new lease. I have 3 payments of $457 remaining on the RX350 with a pay off of $31,426. I didn't see the exact trade value they are giving me, but i believe it is around $27k. What incentives and money factors should I expect to see when I ask for a break down? I am a Costco member and know there is a $1000 program running now. Zip code is 21075

Michaell

https://forums.edmunds.com/discussion/56650/volvo/x/volvo-xc60-lease-question

.00067 and 58%

$4000 incentives

Why not wait until the Lexus lease is up, the shop for a new car? Chances are pretty good that any negative equity from it will find its way into the new deal, so you'll be paying for a car you aren't using.

To get $499/mo, the cap cost would have to be around $47,000; with the taxes and fees, I'm not sure you can get there, even with the $4000 incentive.

But, keep us posted as to what you find out.

Michaell

carpediem19 said:

So below is how I did on my XC60 AWD, T6 Momentum deal.

MSRP: $51,225
Sales price $44,665
Cap Cost $47,147.13
Money down $2k
Rebates $5,072.56
RV 58%
Lease factor: 0.067000
36 months/10k miles
Monthly payment $427.44

The only thing that differs from the answer above is the MF. Edmunds provided me with 0.00067 and they entered 0.067000. I forgot to question this due to my kid distracting me.

I also traded in a leased car with three payments left, but they matched the trade-in value to my pay off, so should be a wash.

Let me know if they messed up on the MF (listed as 0.067000).

Thanks for all your help!!

I'm pretty sure that isn't the MF, as that would equate to an APR of 160%.

The payment looks good, relative to MSRP.

Congrats, and thanks for reporting back.

carpediem19

So below is how I did on my XC60 AWD, T6 Momentum deal.

MSRP: $51,225
Sales price $44,665
Cap Cost $47,147.13
Money down $2k
Rebates $5,072.56
RV 58%
Lease factor: 0.067000
36 months/10k miles
Monthly payment $427.44

The only thing that differs from the answer above is the MF. Edmunds provided me with 0.00067 and they entered 0.067000. I forgot to question this due to my kid distracting me.

I also traded in a leased car with three payments left, but they matched the trade-in value to my pay off, so should be a wash.

Let me know if they messed up on the MF (listed as 0.067000).

Thanks for all your help!!